LCNB (LCNB) 8-K Results of Operations and Financial Condition

EXHIBIT 99.2

LCNB Corp. and Subsidiaries

Financial Highlights

 (Dollars in thousands, except per share amounts)

Condensed Income Statement		Three Months Ended March 31,
		2013	2012
Interest income	$	8,076	7,731
Interest expense		1,098	1,322
Net interest income		6,978	6,409
Provision for loan losses		149	215
Net interest income after provision		6,829	6,194
Non-interest income		2,507	2,336
Non-interest expense		7,091	5,448
Income before income taxes		2,245	3,082
Provision for income taxes		517	805
Net income	$	1,728	2,277
Dividends per common share	$	0.16	0.16
Earnings per common share:
Basic	$	0.23	0.34
Diluted		0.23	0.34
Average shares outstanding:
Basic		7,513,101	6,706,295
Diluted		7,610,626	6,773,451
Selected Financial Ratios
Return on average assets		0.76%	1.15%
Return on average equity		7.51%	11.56%
Dividend payout ratio		69.57%	47.06%
Net interest margin (tax equivalent)		3.53%	3.69%

Selected Balance Sheet Items		March 31, 2013	December 31, 2012
Investment securities	$	304,350	276,970
Loans		549,667	453,783
Less allowance for loan losses		3,404	3,437
Net loans		546,263	450,346
Total assets		946,404	788,637
Total deposits		820,870	671,471
Short-term borrowings		11,609	13,756
Long-term debt		13,128	13,705
Total shareholders’ equity		94,204	82,006
Shares outstanding at period end		7,625,760	6,731,900
Book value per share	$	12.35	12.18
Tangible book value per share		10.14	11.29
Equity to assets ratio		9.95%	10.40%
Assets Under Management
LCNB Corp. total assets	$	946,404	788,637
Trust and investments (fair value)		244,198	221,558
Loans serviced		87,710	71,568
Business cash management		6,473	6,673
Brokerage accounts (fair value)		102,428	96,424
Total assets managed	$	1,387,213	1,184,860